For Sale
$1,886,000

6 Benson Rd Oxford, CT 06478

High-yield industrial investment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
135
This fully leased, 22,600-square-foot industrial distribution building in Oxford, Connecticut, presents a compelling investment opportunity. Situated on a 4.07-acre lot, the property boasts a strong tenant roster, including Fox Pest Control, Paragon Sign, and JM Products, with leases generating a substantial net operating income (NOI) of $150,870. The building features a 14-17 foot ceiling height and includes approximately 2,000 square feet of office space. Current leases demonstrate a healthy mix of rental rates, ranging from $8.80 to $12.20 per square foot, with several tenants already expressing intentions to renew their leases. The property benefits from a highly desirable 8.00% cap rate and is conveniently located just 1.5 miles from I-84 exit 16, providing excellent access to major transportation routes. The property is zoned for industrial use and utilities are separately metered, with tenants responsible for their own dumpster fees. Landlord responsibilities include property taxes, insurance, and building maintenance. This is a rare opportunity to acquire a stable, high-performing industrial asset with significant upside potential. The property's strong tenant base, favorable lease terms, and strategic location make it an ideal addition to any investment portfolio.

Highlights

  • Fully leased 22,600 SF industrial building with 2,000 SF office on 4.07 acres in Oxford, CT.
  • Strong tenant roster including Fox Pest Control, Paragon Sign, and JM Products.
  • $150,870 annual NOI.
  • 8% cap rate.

Property Details for 6 Benson Rd

Property type
Industrial properties, Distribution centers
Square Feet
22,600 SF
Lot Size (sq. ft)
177,289 SF

Location Insight

City
Oxford
County
New Haven
State
Connecticut
Latitude
41.48708000867
Longitude
-73.141083627415

FAQs

What type of property is this?
Industrial property - High-yield industrial investment opportunity.
Where is the industrial property located?
The property is located at 6 Benson Rd Oxford, CT.
What is the asking price?
The asking price for this property is $1,886,000.
What are key features of this property?
This property features: Fully leased 22,600 SF industrial building with 2,000 SF office on 4.07 acres in Oxford, CT.; Strong tenant roster including Fox Pest Control, Paragon Sign, and JM Products.; $150,870 annual NOI.
How can I contact the broker?
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6 Benson Rd
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